Digirupe

According to estimates by the World Gold Council, every 1 per cent increase in import duty can reduce consumer demand by around 0.8 per cent, or nearly 6 tonnes A hike in gold import duties is projected to trim annual demand by nearly 60 tonnes, potentially saving the exchequer $2.5 billion (approximately ₹24,000 crore) in…

While the high-duty environment will likely lead to a moderation in overall gold imports, wedding-related demand remains structurally sound due to deep-rooted cultural traditions The government’s move to sharply hike import duty on gold to 15 per cent is unlikely to dent Indian weddings significantly, though jewellers expect consumers to increasingly opt for lighter-weight designs,…

Jewellers said the sharp price rise has shifted buyers towards lighter jewellery from standard 8–10 gram pieces | Photo Credit: FRANCIS MASCARENHAS The steep hike in gold import duty has sharply raised domestic bullion prices and triggered a broad slowdown in India’s jewellery market, with traders and jewellers across key centres reporting weaker demand, liquidity…

India’s jewellery industry is preparing for a behavioural shift, not a demand collapse, after Prime Minister Narendra Modi’s appeal to citizens to cut down on gold purchases for a year. Large organised jewellers say the immediate impact of the Prime Minister’s remarks could accelerate a transition already underway in the market: consumers increasingly exchanging old…

Despite ​local gold prices rising by 443% ‌over the past decade, annual demand has remained broadly steady at 666-803 metric tons, averaging about 718 tons. | Photo Credit: SHIVA SHARMA India, the world’s second-largest gold consumer, has raised tariffs on gold and silver to 15 per cent from 6 per cent in a bid to…

Gold bangles are displayed inside a jewellery store in the old quarters of Delhi, India, May 11, 2026. | Photo Credit: BHAWIKA CHHABRA The Kerala Gold and Silver Merchants Association has urged the government to adopt a policy framework focused on recycling domestically held gold instead of discouraging gold purchases through higher import duties. State…

Retail jewellers say the sudden spike in prices has sharply eroded affordability in a market that was already witnessing slower demand ahead of the wedding and festive season. | Photo Credit: KAMAL KISHORE A steep hike in gold import duty sent domestic gold prices soaring nearly 10 per cent on Wednesday, worsening sentiment in India’s…

Gold edged ‌lower on Wednesday after strong US inflation data dampened ​speculation of near-term interest rate cuts, with investors ⁠also focused on an upcoming meeting between U.S. President Donald Trump and Chinese counterpart Xi Jinping. Spot gold was down 0.4% to $4,694.59 per ounce ‌at 0946 GMT, retreating from a three-week high hit in the…

Gold rates rise across India on May 13 | Photo Credit: SIVARAM V Gold prices in India have seen an upward trend today, May 13, with an increase seen across all major cities. The price of both 22-carat and 24-carat gold has risen compared with the previous session. This report provides a detailed, city-by-city breakdown…

Stack of gold bars. | Photo Credit: brightstars The significant increase in the import duty on gold from 6 per cent to 15 per cent may lead to an increase in imports from Dubai through the free trade agreement route, think tank GTRI said on Wednesday. It said that the duty hike also sharply changes…